/Media Center

NCLC in the News

Select media clips. Journalists interested in speaking with an expert at the National Consumer Law Center should contact Jan Kruse (jkruse@nclc.org or 617.542,8010).

Press Releases

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FDIC/OCC Proposal Would Encourage Rent-a-Bank High-Cost Predatory Lending

FOR IMMEDIATE RELEASE: November 18, 2019 Contact: Jan Kruse (jkruse@nclc.org) or (617) 542-8010 OCC Proposes Rent-a-Bank Rule Today; Proposed Rule is on Agenda for FDIC Meeting on Nov. 19 Washington, D.C. - Advocates reacted with outrage to a new proposal from two federal bank regulators that could make it easier for payday and other high-cost [...]

FDIC/OCC Proposal Would Encourage Rent-a-Bank High-Cost Predatory Lending2019-11-18T14:47:55-05:00

Beware Holiday Shoppers: Deferred Interest Promotions Promise No Interest Now, but Can Cost Big Bucks Later

FOR IMMEDIATE RELEASE: November 13, 2019 National Consumer Law Center contacts: Chi Chi Wu (cwu@nclc.org) or Jan Kruse (jkruse@nclc.org), (617) 542-8010 Boston – As Black Friday approaches, the National Consumer Law Center warns holiday shoppers of a lurking danger in the local mall, big box store or online: deferred interest promotions on credit cards. These promotions entice [...]

Beware Holiday Shoppers: Deferred Interest Promotions Promise No Interest Now, but Can Cost Big Bucks Later2019-11-13T16:20:21-05:00

Advocates Applaud Bill to Cap Interest Rates at 36%

FOR IMMEDIATE RELEASE: November 12, 2019 National Consumer Law Center contacts: Jan Kruse (jkruse@nclc.org) or (617) 542-8010; or Lauren Saunders (lsaunders@nclc.org) or (202) 595-7845 Washington, D.C. -  Advocates at the National Consumer Law Center (NCLC) applauded today’s introduction in Congress of a bill to cap interest rates nationwide at 36%, including fees, which NCLC is [...]

Advocates Applaud Bill to Cap Interest Rates at 36%2019-11-12T13:35:16-05:00

Report: States Put Families at Risk to Feed an Insatiable Debt Collection Machine

FOR IMMEDIATE RELEASE: NOVEMBER 12, 2019 National Consumer Law Center Contacts: Jan Kruse (jkruse@nclc.org) or Carolyn Carter (ccarter@nclc.org); (617) 542-8010 Download the full report, state maps and state-specific information: https://www.nclc.org/issues/report-still-no-fresh-start.html National Consumer Law Center’s 50-State Review: ‘Horse and Buggy’ Laws Need Major Reform Boston – Millions of families have still not recovered from the Great [...]

Report: States Put Families at Risk to Feed an Insatiable Debt Collection Machine2019-11-12T10:02:41-05:00

Advocates Urge FDIC, OCC, Federal Reserve to Stop Banks from Helping Payday Lenders Evade State Interest Rate Limits

FOR IMMEDIATE RELEASE: November 7, 2019 Washington, D.C. - A coalition of 61 consumer, civil rights, and community groups today sent letters to three federal bank regulators urging them not to allow their banks to help payday lenders evade state interest rate limits.  The groups sent separate letters to the Federal Deposit Insurance Corp. (FDIC), [...]

Advocates Urge FDIC, OCC, Federal Reserve to Stop Banks from Helping Payday Lenders Evade State Interest Rate Limits2019-11-07T15:07:33-05:00

Statement of National Consumer Law Center Attorney and Negotiator Robyn Smith on U.S. Department of Education’s Harmful Departure from Consensus on State Authorization Distance Education Regulations

FOR IMMEDIATE RELEASE: November 1, 2019 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org) or (617) 542-8010 Boston - On October 31, 2019, the U.S. Department of Education issued final rules, effective July 1, 2020, that will erode states’ rights to enforce consumer protections applicable to for-profit online education colleges. The rules will have a [...]

Statement of National Consumer Law Center Attorney and Negotiator Robyn Smith on U.S. Department of Education’s Harmful Departure from Consensus on State Authorization Distance Education Regulations2019-11-01T12:55:34-05:00

Groups: FDIC & OCC Are Wrong to Support Predatory Small Business Lender

FOR IMMEDIATE RELEASE: October 24, 2019 “It sends a terrible signal for the FDIC and OCC to support a predatory lender that used a bank to enable a destructive 120% APR loan.” WASHINGTON, D.C. - Small business advocates, consumer groups, and civil-rights advocates today sent a letter to the Federal Deposit Insurance Corp. (FDIC) and [...]

Groups: FDIC & OCC Are Wrong to Support Predatory Small Business Lender2019-10-29T09:37:50-05:00

Are Robot Calls Robocalls? 

Prolific robocaller Yodel Technologies seeks exemption for making over 77 million unwanted and illegal telemarketing calls using AI and prerecorded voice messages. WASHINGTON - Yodel Technologies (Yodel) seeks to escape liability by petitioning the Federal Communications Commission (FCC) for an exemption for its “robot calls.” Using its “soundboard” technology to mimic a consumer’s interaction with [...]

Are Robot Calls Robocalls? 2019-10-22T15:43:19-05:00

Consumer and Civil Rights Advocates Condemn Credit Bureaus for Suing Over Language Access Law

WASHINGTON - On Thursday, the Consumer Data Industry Association (CDIA) sued the State of New Jersey over its new law requiring credit reports to be provided in Spanish and 10 other languages, claiming the law is preempted and a violation of the First Amendment. CDIA is a trade association for the credit reporting industry, the [...]

Consumer and Civil Rights Advocates Condemn Credit Bureaus for Suing Over Language Access Law2019-10-21T13:15:51-05:00

CFPB Quietly Launches Web Database of Prepaid and Payroll Card Fees and Disclosures but Some Cards with Overdraft Fees are Missing

FOR IMMEDIATE RELEASE: October 16, 2019 National Consumer Law Center contacts: Lauren Saunders (lsaunders@nclc.org) or Jan Kruse (jkruse@nclc.org) Washington, D.C. – Advocates at the National Consumer Law Center urged the public to check out a new online tool from the Consumer Financial Protection Bureau (CFPB) where consumers, workers, researchers, employers, and others can see prepaid [...]

CFPB Quietly Launches Web Database of Prepaid and Payroll Card Fees and Disclosures but Some Cards with Overdraft Fees are Missing2019-10-16T09:40:52-05:00